IUM Student Collection | އައި.ޔޫއެ.މްގެ ދަރިވަރުންގެ ޖަމާ

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    Teaching financial literacy in young age : perspectives of teachers who teach financial literacy and parents of students studying the subject
    (Islamic University of Maldives, 2024) Nizam, Fathimath
    Teaching Financial Literacy to children at a young age ensures that they have a better understanding of how money works, allowing them to make better financial decisions as they grow older. Financial Literacy education for children at a young age seems to receive less emphasis in the Maldives. The goal of this research is to look into the perspectives of teachers and parents on Financial Literacy education in Maldivian schools. The perspectives of teachers and parents on teaching Financial Literacy in school as a separate subject were investigated using a qualitative approach that included semi-structured interviews and focus group discussions. Three teachers from a lower grade were interviewed, separate interviews were conducted for three teachers. A first, second, and third grade teacher and three parents from the same grade participated in a focus group discussion. The constant comparative method was used in data analysis. In this study, both teachers and parents agreed that students should receive necessary financial knowledge and improve their own money management skills. Furthermore, participants believe that students become more responsible because of the program. According to the study's findings, teachers are in favour of implementing Financial Literacy as a stand-alone subject. The school is trying to teach Financial Literacy to students using different teaching methods. The study's findings will undoubtedly be valuable for all schools and policymakers striving to enhance financial literacy in Maldivian schools.